Yesterday, January 22, the price of EOS was in the bullish trend zone. The crypto’s price has been ranging at the $2.33 price level in the last 48 hours. Yesterday, the bulls break the 12-day EMA, the 26-day EMA and price reached the high of $2.54.

At the bullish trend zone, the price is retracing to a range bound movement. The price is expected to rise to reach the $3.0 resistance level. Meanwhile, the stochastic is out of the oversold region and it is approaching the 80% range. This indicates that the price of EOS is in a bullish momentum and a buy signal.

On the 1-hour chart, the price of EOS is in a bullish trend zone. Yesterday, the crypto's price reached the high of $2.54 and price made a pulled back after facing resistance at the $2.54 price level. The crypto's price is approaching the 26-day EMA to break below it.

The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the stochastic is out of the overbought region but below the 60% range. This indicates that the price of EOS is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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